Domains are available individually in last-ditch effort to repay some of the money lost.
The final effort to liquidate domains related to the failed The Income Store business is proving somewhat fruitful.
Over 2,500 websites and domain names are being offered for sale in the auction that ends October 27. The assets were part of The Income Store, a business that promised investors it would build income-generating websites for them. The federal government says it was a Ponzi scheme and shut the business down.
Now it’s trying to generate a bit of cash for those that lost money.
A receiver attempted to sell all of the remaining assets in an auction with a starting bid of $2.5 million. When that didn’t turn up any bidders, the receiver tried divvying the assets up into 40 lots. Only the physical asset lot sold.
Now, each of the domains is available in individual lots starting at $500. 50 have eligible bids as of Monday afternoon. While none of the domains are premium, some savvy developers could build off of the work already done on some of the sites to get a quick ROI.
Right of the Dot is managing the auction.
Was this an Adam Dicker enterprise? 🙂
Ha, I let MyPhotographyClasses.com expire before they owned it. Most of these names are garbage like GriffHamlinBluesGuitarUnleashed.com
and HomeRemedyShopNews.com. That said, there’s a few decent names for the right end-user like MetaVideos.com, which currently has no bids.
What a waste of time this nonsense it. Should have just been a no reserve auctions on Namejet or similar.
Oh come now. DryerNotHeating.Net is a real diamond in the rough for people with dryers that don’t heat, but who are not quite ready for the .com.
That exact domain has a 500$ bid. So shows what you know John! 😉
That’s what I get for drying my clothes on a $2 piece of rope.
Just because there’s stupid money behind something doesn’t mean its valuable. #garbage
We sold about 360 domains and websites in a silent auction following the previous round for over $450,000 with an ASP over $1,300 per name. While some of the domains in the upcoming auction may seem to be of little value, many of them were at one time generating significant sales and affiliate revenue having been optimized for SEO around the niches they represent. Many domain investors would never consider a name like BestLargeBreedPuppyFood·net but it includes a website, is optimized for Adsense and Affiliate revenue, and has a $500 bid on it. There is a downloadable .csv file of the entire 2514 lots available at the auction site listed in the article. rotd·hibid·com
The problem is when the buyers paid for active websites but they were broken, shutdown, suspended, before being delivered to buyers. Those of us that spent thousands on this process have now little more than low quality domains when the selling point were the websites!